Last week, the Center for American Progress published a new report, titled “Systematic Inequality: How America’s Structural Racism Helped Create the Black-White Wealth Gap.” The report explores how the racial wealth gap in America has grown in the last decade, and will continue to grow without instituting targeted policies.
The report explains how years of systematic discriminatory practices continue to negatively impact the wealth and income of African American families. In the United States, African American families face a widening wealth gap between them and their white counterparts, leaving many African American families much more vulnerable to economic insecurity.
The report concludes with several policy recommendations to begin to address these inequities. Several recommendations support increased access to housing, including: expanding homeownership opportunities among black families, expanding access to Community Development Financial Institutions (CDFIs), creating and protecting fair housing policies, and ensuring access to affordable housing.
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